#USChinaTradeTalks

#USChinaTradeTalks The first session of the new round took place today (Monday, June 9, 2025) in London, at the 'Lancaster House' venue, and discussions will continue until tomorrow, Tuesday.

Washington is seeking a new commitment from China regarding the export of rare earth metals, which are essential components in industries such as electric cars and electronics.

China has already issued some export licenses, in a gesture to show goodwill.

After the temporary round in Geneva in mid-May, tensions returned when accusations were made by both sides of failing to adhere to their promises. Washington raised tariffs to 145%, while China responded with 125% before temporarily retreating to 30% and 10%.

The call on June 5 between Presidents Trump and Xi lasted 90 minutes and focused on restoring the flow of rare metals and enhancing trade cooperation.

Trump described it as 'very good' and followed it up with a call to resume negotiations in London.

In the end, Asian markets rose significantly with reports of new offerings in London, the dollar weakened, and U.S. stocks, especially silicon companies like Nvidia and AMD, increased.